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Two recent articles by Stephen Donshik have crystallized why board members need to stay objective…Even with the best of intentions, losing objectivity weakens the board’s ability to accomplish its primary task of governance.

While there were some stories with immediate consequences, the effects of most of the headlines will only rear their heads in 2013 (at the earliest). Change in the wind? Yes. On the ground, not so much.

So what’s in store for Israel’s global nonprofit sector? The following are nine of the top news stories of 2012 and their significance:

Two year ago, this female colleague applied for an Executive Director (ED) position at a particular charity knowing that the organization was facing a 500 thousand shekel (approximately $130 thousand) deficit. After about nine months on the job, the nonprofit was back on track and on the road to a surplus for the following year. What was this ED’s technique and how could other nonprofits benefit from her experience?

In mid-October of this year, Israel’s Registrar of Charities issued “10 Golden Rules for Donors” (Hebrew). While the document is meant as a guideline for individuals, it holds immense value for the Israel’s charities, as well.

Below are The 10 Golden Rules (in English) and its implications for nonprofits operating in Israel.

With such as significant portion of donations to Israel’s charities coming from the United States, changes in American legislation can have a profound impact on Israeli nonprofit organizations.

For this reason, I happily agreed to co-host (along with Charlie Kalech of J-Town Productions) Laura Solomon, an attorney based in Philadelphia who specializes in nonprofits. Laura was a powerhouse, leaving me and the other attendees racing to take notes fast enough.

As was mentioned in my previous post, Israel’s OFFLINE Overhaul of its Nonprofit Sector (Guidestar Conference, Part 1), the June 26th Conference Organized by Guidestar Israel tantalized the attendants with many planned improvements within the government offices tasked with overseeing Isael’s nonprofit sector.

Even more monumental, though, are the changes that are taking place online. Here we are seeing not just an upgrade in software, but in approach and analysis whose rippling effect will be felt far beyond Israel’s shores.

I’ve Moved!

After 9 years in banking, I have decided it was time for my next challenge and have opened my own company that offers outsourced CFO services to local & international nonprofits and small businesses operating in Israel.

Visit my new site to discover how your organization can increase its efficiency and relieve stress by outsourcing critical financial tasks – either on an ongoing or per-project basis: Fogel CFO & Management Services